The concept of exportation bear on partition offs was introduced to grow exports in India with the help of tax holidays and lucrative incentive packages, which atomic number 18 the most important aspects About EPZ in India.
Developmental Stages About EPZ in India:
The exporting Processing Zones in India had gone through four significant stages of development. The initial stage witnessed the establishment of the Kandla chuck up the sponge Trade Zone in the city of Gujarat in the yr 1965 and the consequent establishment of the Santacruz Electronics Export Processing Zone.The limitations faced by these regulates are lack of a proper policy and administrative control, weak infrastructure, limited scope for concessions, and lack of adequate incentives.
Therefore, the political science of India has been setting up various committees to suggest measures About EPZ in India, in order to check these existing shortcomings.Moreover, in the twelvemonth 1980 a new scheme was formulated by the government known as the Export Oriented Units Scheme to select about an over all development in these zones. The indorse stage witnessed the Second Oil Price Shock, which hampered the export activities importantly and led the establishment of a number of Export Processing Zones to boost the export sector.
Thus, Export Processing Zones were set up in West Bengal, Tamil Nadu, Kerala, Uttar Pradesh and in Andhra Pradesh and were named as:
Falta Export Processing Zone
Chennai Export Processing Zone
Noida Export Processing Zone
Cochin Export Processing Zone
Visakhapatnam Export Processing Zone
The third stage witnessed stinting liberalization in India and restructuring of the entire export processing zone framework in the year 1991. The stage incorporated various measures for example:
More Fiscal Incentives
Simplification of Policy nutriment
Incorporation of more industries like horticulture, re-engineering, agriculture, aqua culture
The 4th stage witnessed the introduction of the concept of special...If you want to get a full essay, order it on our website: Orderessay
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